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Atomic??


Fambam4093
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Hey there everyone...So, it looks as if atomic wallet lets you purchase XRP...while I understand the fees the only drawback I can conclude is you cannot cash out per se. Am I correct?

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8 hours ago, Fambam4093 said:

Hey there everyone...So, it looks as if atomic wallet lets you purchase XRP...while I understand the fees the only drawback I can conclude is you cannot cash out per se. Am I correct?

You could cash out if you exchange your XRP for USD stable coins and then transfer  to any eligible exchange where you can then exchange for Fiat.

 

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Thnx!! One more question please...can a US citizen exchange for XRP in Atomic? Waiting a couple days now for support to reply. I dont want to buy another coin, send to Atomic and then find out I cant exchange....

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On 4/2/2021 at 7:51 PM, Fambam4093 said:

Thnx!! One more question please...can a US citizen exchange for XRP in Atomic? Waiting a couple days now for support to reply. I dont want to buy another coin, send to Atomic and then find out I cant exchange....

I believe so. But the last time I attempted to trade on Atomic, the liquidity was stupid lousy.  

I'll fund mine right now and tell ya'. Let's see .... 

 

1. The minimum exchange is 78 XRP. So that sucks. 

2. The current exchange rate on Atomic (to sell XRP) is $0.43. The market rate as I type this is $0.61. So that really sucks. 

3. I can infer that the exchange rate on Atomic (to buy XRP) would be about as bad in the other direction. 

 

So, to answer your question: If you're forced to trade XRP in Atomic wallet, you can. No one can stop you no matter where you are or what your citizenship. 

Should you? That would be a resounding 'No'

Your best option? Open an account at Bitrue. Plenty of liquidity there and the largest number of XRP trading pairs. Mind you, their user interface needs a bit of organization. How to get funds there? Buy USDC at Kraken or Coinbase and then send those USDC to Bitrue. Trade the USDC for XRP. This way you're paying market rates. 

 

I hope this helps 

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